FORTUNE -- Venture capital firm Draper Fisher Jurvetson this afternoon will announce that it has closed its eleventh early-stage fund with $325 million in capital commitments.
Fortune had reported last November that DFJ was planning to raise the fund in early 2014 with a $300 million target, and that it would be the first DFJ fund in which neither Tim Draper nor John Fisher would be listed as a general partner (although both will invest their own money in the fund, and remain on the firm's management committee). Fisher will continue to serve as a general partner on DFJ's growth-stage fund.
As we wrote at the time:
The three general partners on the fund will be: Steve Jurvetson, Josh Stein and Andreas Stavropoulos.
Jurvetson will continue to focus on unusual, disruptive deals like ReThink Robotics, SpaceX and Tesla Motors (TSLA). Stein concentrates on enterprise tech deals like Box and Yammer (acquired by Microsoft), while Stavropoulos is oriented toward consumer tech deals like MeetUp and SugarSync.
Among those also helping to invest the next fund will be Bubba Murarka (ex-Facebook), Mohanjit Jolly (head of DFJ India, who will return to Silicon Valley) and Bill Bryant (based in Seattle).
DFJ had raised $350 million for its tenth fund back in 2010.
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Venture capitalist Tim Draper is stepping back from the Silicon Valley firm he created 28 years ago.
FORTUNE -- Tim Draper will no longer be an investment partner with Draper Fisher Jurvetson, the Silicon Valley venture capital firm he founded in 1985. Same goes for fellow "name" partner John Fisher, who three decades ago shared an office with Draper at investment bank Alex. Brown & Sons.
The news was shared earlier today at MOREDan Primack - Nov 19, 2013 3:20 PM ET
No IPO? No M&A? No problem.
FORTUNE -- Draper Fisher Jurvetson has quietly exited its investment in Polaris Wireless, a Mountain View, Calif.-based company that uses RF pattern-matching technology to determine the location of any wireless device (primary application is for E-911 compliance). But this wasn't a sale to a strategic. Or an IPO. Or, most importantly, a loss.
Instead, DFJ generated around an 11x cash-on-cash return through a redemption. For those MOREDan Primack - May 3, 2013 11:04 AM ET
Gingrich hasn't always mocked algae-based energy.
Newt Gingrich this week opened up a new line of attack on President Obama's energy policy, mocking Obama's recent comment that fuels are being developed from algae. From a speech Gingrich gave to supporters in Tennessee on Monday night:
The President said we have to be practical. Drilling won't solve it. And then he offered his practical solution. Anybody here remember what it was? Algae. Algae. MOREDan Primack - Mar 15, 2012 12:13 PM ET
Raj Atluru has stepped down as a managing director with VC firm Draper Fisher Jurvetson, where he has led cleantech investments since 2001 and its India investment operations since 2005. He will move on to Silver Lake Kraftwerk, the energy-focused growth equity platform formed earlier this year by Silver Lake Partners and Soros Fund Management.
Atluru becomes the third Kraftwerk partner, alongside ex-Foundation Capital investor Adam Grosser and Cathy Zoi, who MOREDan Primack - Apr 14, 2011 10:58 AM ET
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